Table Archive

Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2020

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$11,479	1	Hong Kong	20.8%
2	Hong Kong	9,746	2	Taiwan	17.4
3	United States	7,673	3	Cayman Islands	14.5
4	Switzerland	7,224	4	South Africa	13.7
5	Denmark	6,521	5	United States	12.0
6	Singapore	5,638	6	South Korea (2)	11.6
7	Macao	5,593	7	United Kingdom	11.1
8	Ireland	5,588	8	Denmark	11.0
9	Finland	5,218	9	Finland	10.7
10	Netherlands	5,022	10	Netherlands	9.6
	Total world	$809		Total world	7.4%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2020 to March 31, 2021.

Source: Swiss Re, sigma, No.3/2021.

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$12,764	1	Taiwan	19.97%
2	Hong Kong	9,706	2	Hong Kong	19.74
3	United States	7,495	3	Cayman Islands	19.18
4	Switzerland	6,835	4	South Africa	13.40
5	Denmark	6,384	5	United States	11.43
6	Ireland	5,920	6	South Korea (2)	10.78
7	Macao	5,551	7	Denmark	10.68
8	Luxembourg	5,165	8	Namibia	10.44
9	Taiwan	4,993	9	United Kingdom	10.30
10	Finland	4,948	10	Finland	10.17
	Total world	$818		Total world	7.23%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2019 to March 31, 2020.

Source: Swiss Re, sigma, No. 4/2020.

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$11,642	1	Taiwan	20.88%
2	Hong Kong	8,863	2	Hong Kong	18.16
3	Switzerland	6,934	3	Cayman Islands	17.51
4	Denmark	6,289	4	South Africa	12.89
5	Ireland	5,253	5	South Korea (2)	11.16
6	Taiwan	5,161	6	United Kingdom	10.61
7	Luxembourg	5,001	7	Denmark	10.37
8	Singapore	4,958	8	Finland	9.87
9	Finland	4,926	9	Netherlands	9.24
10	Netherlands	4,890	10	France	8.89
	Total world	$682		Total world	6.09%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2018 to March 31, 2019.

Source: Swiss Re, sigma, No. 3/2019.

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$12,122	1	Taiwan	21.32%
2	Hong Kong	8,313	2	Cayman Islands	19.61
3	Switzerland	6,811	3	Hong Kong	17.94
4	Denmark	5,772	4	South Africa	13.75
5	Luxembourg	5,011	5	South Korea (2)	11.57
6	Taiwan	4,997	6	Finland	10.65
7	Singapore	4,749	7	Denmark	10.21
8	Finland	4,737	8	United Kingdom	9.58
9	Ireland	4,687	9	Netherlands	9.56
10	Netherlands	4,631	10	France	8.95
	Total world	$650		Total world	6.13%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2017 to March 31, 2018.

Source: Swiss Re, sigma, No. 3/2018.

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$12,160.3	1	Cayman Islands	22.60%
2	Hong Kong	7,678.8	2	Taiwan	19.99
3	Switzerland	6,933.5	3	Hong Kong	17.60
4	Denmark	5,158.7	4	South Africa	14.27
5	Finland	5,060.7	5	South Korea (2)	12.08
6	Netherlands	4,716.9	6	Finland	11.75
7	Luxembourg	4,589.3	7	Netherlands	10.39
8	Ireland	4,408.4	8	United Kingdom	10.16
9	Taiwan	4,320.7	9	Denmark	9.58
10	United States	4,174.1	10	Japan (2)	9.51
	Total world	$638.3		Total world	6.28%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2016 to March 31, 2017.

Source: Swiss Re, sigma, No. 3/2017.

Rank	Country	Total premiums per capita	Rank	Country	Total premiums as a percent of GDP
1	Cayman Islands	$12,619.3	1	Cayman Islands	20.24%
2	Switzerland	7,370.3	2	Taiwan	18.97
3	Hong Kong	6,271.2	3	Hong Kong	14.76
4	Luxembourg	5,401.3	4	South Africa	14.69
5	Finland	4,963.2	5	Finland	11.86
6	Denmark	4,914.2	6	South Korea (2)	11.42
7	Netherlands	4,763.1	7	Japan (2)	10.82
8	United Kingdom	4,358.5	8	Netherlands	10.72
9	United States	4,095.8	9	United Kingdom	9.97
10	Taiwan	4,094.1	10	Denmark	9.43
	World	$621.2		World	6.23%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2015, to March 31, 2016.

Source: Swiss Re, sigma, No. 3/2016.